CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow AvantCredit signs multi-year contract with Equifax
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
AvantCredit signs multi-year contract with Equifax PDF Print E-mail
Thursday, 30 April 2015

AvantCredit, an online consumer lending platform active in the US and UK, has signed a long term deal with Equifax, the business insights expert. The contract appoints Equifax as a provider of credit and anti-money laundering checks for AvantCredit in the UK.

AvantCredit have  over 180,000 customers on the its platform, and Equifax will provide the company with solutions to verify the identity of applicants, help assess loan applications, and assist in determining the affordability for consumers. AvantCredit will use the Insights provided by Equifax to improve its predictive modelling capability and subsequently offer customers what it considers to be the most appropriate loan rates. The deal supports AvantCredit’s strategy to grow its customer base, control credit and fraud risk, lend responsibly and manage risk.

Craig Tebbutt, Head of Alternative Lending, Equifax said: “We are seeing growth within the FinTech space as individuals seek alternatives to traditional high street lending. AvantCredit is an exciting, innovative new entrant in this sector and was seeking a partner that could turn breadth and depth of data into meaningful insights to improve lending decisions. Equifax insights have helped to increase the predictive ability of AvantCredit’s risk models, better enabling the company to positively identify more applicants.”

Russell Braden, AvantCredit’s Director of International Markets, said: “Since employing the Equifax solution we have increased our conversion rates, allowing customers to take advantage of cheaper loans and receive quicker approvals. Equifax has provided much deeper insights into the individuals that are applying for loans with us, significantly increasing our ability to make better lending decisions. We are excited to be working with a partner demonstrating real value and innovation in this space.”

(Source - Equifax Press Release)  

 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197